Western sanctions

A Russian official warns that a banking crisis is possible amid the lack of payments. ‘I don’t want to think about a continuation of the war or an escalation’

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A Russian official warns that a banking crisis is possible amid the lack of payments. ‘I don’t want to think about a continuation of the war or an escalation’

Russia’s financial system is reportedly under more pressure as Moscow’s war on Ukraine nears the end of its fourth full year. The White House is looking to revive peace talks this weekend with Ukrainian President Volodymyr Zelensky who is due to meet with President Donald Trump in Florida on Sunday. Russian forces have stepped up … Read more

’embarrassing reversal’ for Moscow

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’embarrassing reversal’ for Moscow

The President of Russia Vladimir Putin and the leader of China Xi Jinping.Alexander Kazakov/Pool/AFP/Getty Images The sanctions have forced Russia to rely heavily on China to keep its economy afloat. China ships high-tech products to Russia and buys its oil cheaply — a combination that boosts Beijing’s leverage. Russia’s role has been reduced to a … Read more